Basic Technical Mathematics
11th Edition
ISBN: 9780134437705
Author: Washington
Publisher: PEARSON
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Chapter 12.1, Problem 64E
To determine
To solve: The equation
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Questions
An insurance company's cumulative incurred claims for the last 5 accident years are given
in the following table:
Development Year
Accident Year 0
2018
1 2 3 4
245 267 274 289 292
2019
255 276 288 294
2020
265 283 292
2021
263 278
2022
271
It can be assumed that claims are fully run off after 4 years. The premiums received for
each year are:
Accident Year Premium
2018
306
2019
312
2020
318
2021
326
2022
330
You do not need to make any allowance for inflation.
1. (a) Calculate the reserve at the end of 2022 using the basic chain ladder method.
(b) Calculate the reserve at the end of 2022 using the Bornhuetter-Ferguson method.
2. Comment on the differences in the reserves produced by the methods in Part 1.
please show all the work
Chapter 12 Solutions
Basic Technical Mathematics
Ch. 12.1 - Write in terms of j.
Ch. 12.1 - Simplify: 2.
Ch. 12.1 - Simplify: 2.
Ch. 12.1 - Prob. 4PECh. 12.1 - Prob. 5PECh. 12.1 - Prob. 1ECh. 12.1 - Prob. 2ECh. 12.1 - Prob. 3ECh. 12.1 - In Exercises 1–4, perform the indicated operations...Ch. 12.1 - In Exercises 5–16, express each number in terms of...
Ch. 12.1 - In Exercises 5–16, express each number in terms of...Ch. 12.1 - In Exercises 5–16, express each number in terms of...Ch. 12.1 - Prob. 8ECh. 12.1 - Prob. 9ECh. 12.1 - Prob. 10ECh. 12.1 - Prob. 11ECh. 12.1 - Prob. 12ECh. 12.1 - Prob. 13ECh. 12.1 - Prob. 14ECh. 12.1 - Prob. 15ECh. 12.1 - Prob. 16ECh. 12.1 - In Exercises 17–32, simplify each of the given...Ch. 12.1 - Prob. 18ECh. 12.1 - Prob. 19ECh. 12.1 - Prob. 20ECh. 12.1 - Prob. 21ECh. 12.1 - Prob. 22ECh. 12.1 - Prob. 23ECh. 12.1 - Prob. 24ECh. 12.1 - In Exercises 17–32, simplify each of the given...Ch. 12.1 - Prob. 26ECh. 12.1 - Prob. 27ECh. 12.1 - Prob. 28ECh. 12.1 - Prob. 29ECh. 12.1 - Prob. 30ECh. 12.1 - Prob. 31ECh. 12.1 - Prob. 32ECh. 12.1 - Prob. 33ECh. 12.1 - Prob. 34ECh. 12.1 - Prob. 35ECh. 12.1 - Prob. 36ECh. 12.1 - Prob. 37ECh. 12.1 - Prob. 38ECh. 12.1 - Prob. 39ECh. 12.1 - Prob. 40ECh. 12.1 - Prob. 41ECh. 12.1 - Prob. 42ECh. 12.1 - Prob. 43ECh. 12.1 - Prob. 44ECh. 12.1 - Prob. 45ECh. 12.1 - Prob. 46ECh. 12.1 - Prob. 47ECh. 12.1 - Prob. 48ECh. 12.1 - Prob. 49ECh. 12.1 - In Exercises 33–50, perform the indicated...Ch. 12.1 - Prob. 51ECh. 12.1 - Prob. 52ECh. 12.1 - Prob. 53ECh. 12.1 - Prob. 54ECh. 12.1 - Prob. 55ECh. 12.1 - Prob. 56ECh. 12.1 - Prob. 57ECh. 12.1 - Prob. 58ECh. 12.1 - In Exercises 55–60, find the values of x and y...Ch. 12.1 - In Exercises 55–60, find the values of x and y...Ch. 12.1 - Prob. 61ECh. 12.1 - Prob. 62ECh. 12.1 - Prob. 63ECh. 12.1 - Prob. 64ECh. 12.1 - Prob. 65ECh. 12.1 - Prob. 66ECh. 12.1 - Prob. 67ECh. 12.1 - Prob. 68ECh. 12.1 - Prob. 69ECh. 12.1 - Prob. 70ECh. 12.1 - Prob. 71ECh. 12.1 - Prob. 72ECh. 12.1 - Prob. 73ECh. 12.1 - Prob. 74ECh. 12.2 - Prob. 1PECh. 12.2 - Prob. 2PECh. 12.2 - Prob. 3PECh. 12.2 - Prob. 1ECh. 12.2 - Prob. 2ECh. 12.2 - In Exercises 1-4, perform the indicated operations...Ch. 12.2 - Prob. 4ECh. 12.2 - In Exercises 5–38, perform the indicated...Ch. 12.2 - Prob. 6ECh. 12.2 - In Exercises 5–38, perform the indicated...Ch. 12.2 - Prob. 8ECh. 12.2 - Prob. 9ECh. 12.2 - Prob. 10ECh. 12.2 - Prob. 11ECh. 12.2 - In Exercises 5–38, perform the indicated...Ch. 12.2 - In Exercises 5–38, perform the indicated...Ch. 12.2 - Prob. 14ECh. 12.2 - In Exercises 5–38, perform the indicated...Ch. 12.2 - Prob. 16ECh. 12.2 - Prob. 17ECh. 12.2 - In Exercises 5–38, perform the indicated...Ch. 12.2 - Prob. 19ECh. 12.2 - Prob. 20ECh. 12.2 - Prob. 21ECh. 12.2 - Prob. 22ECh. 12.2 - Prob. 23ECh. 12.2 - Prob. 24ECh. 12.2 - Prob. 25ECh. 12.2 - Prob. 26ECh. 12.2 - Prob. 27ECh. 12.2 - Prob. 28ECh. 12.2 - Prob. 29ECh. 12.2 - Prob. 30ECh. 12.2 - Prob. 31ECh. 12.2 - Prob. 32ECh. 12.2 - Prob. 33ECh. 12.2 - Prob. 34ECh. 12.2 - Prob. 35ECh. 12.2 - Prob. 36ECh. 12.2 - Prob. 37ECh. 12.2 - Prob. 38ECh. 12.2 - Prob. 39ECh. 12.2 - Prob. 40ECh. 12.2 - Prob. 41ECh. 12.2 - Prob. 42ECh. 12.2 - Prob. 43ECh. 12.2 - Prob. 44ECh. 12.2 - Prob. 45ECh. 12.2 - Prob. 46ECh. 12.2 - Prob. 47ECh. 12.2 - Prob. 48ECh. 12.2 - Prob. 49ECh. 12.2 - In Exercises 43–56, solve the given...Ch. 12.2 - Prob. 51ECh. 12.2 - Prob. 52ECh. 12.2 - Prob. 53ECh. 12.2 - Prob. 54ECh. 12.2 - Prob. 55ECh. 12.2 - Prob. 56ECh. 12.2 - Prob. 57ECh. 12.2 - Prob. 58ECh. 12.2 - Prob. 59ECh. 12.2 - Prob. 60ECh. 12.2 - In Exercises 61-64, answer or explain as...Ch. 12.2 - Prob. 62ECh. 12.2 - Prob. 63ECh. 12.2 - Prob. 64ECh. 12.3 - Prob. 1ECh. 12.3 - Prob. 2ECh. 12.3 - Prob. 3ECh. 12.3 - Prob. 4ECh. 12.3 - Prob. 5ECh. 12.3 - Prob. 6ECh. 12.3 - Prob. 7ECh. 12.3 - Prob. 8ECh. 12.3 - Prob. 9ECh. 12.3 - Prob. 10ECh. 12.3 - Prob. 11ECh. 12.3 - Prob. 12ECh. 12.3 - Prob. 13ECh. 12.3 - Prob. 14ECh. 12.3 - Prob. 15ECh. 12.3 - Prob. 16ECh. 12.3 - Prob. 17ECh. 12.3 - Prob. 18ECh. 12.3 - Prob. 19ECh. 12.3 - Prob. 20ECh. 12.3 - Prob. 21ECh. 12.3 - Prob. 22ECh. 12.3 - Prob. 23ECh. 12.3 - Prob. 24ECh. 12.3 - Prob. 25ECh. 12.3 - Prob. 26ECh. 12.3 - Prob. 27ECh. 12.3 - Prob. 28ECh. 12.3 - Prob. 29ECh. 12.3 - Prob. 30ECh. 12.3 - Prob. 31ECh. 12.3 - Prob. 32ECh. 12.3 - Prob. 33ECh. 12.3 - Prob. 34ECh. 12.3 - Prob. 35ECh. 12.3 - Prob. 36ECh. 12.3 - Prob. 37ECh. 12.3 - Prob. 38ECh. 12.4 - Prob. 1PECh. 12.4 - Prob. 2PECh. 12.4 - Prob. 3PECh. 12.4 - Prob. 1ECh. 12.4 - In Exercises 1 and 2, change the sign of the real...Ch. 12.4 - Prob. 3ECh. 12.4 - Prob. 4ECh. 12.4 - Prob. 5ECh. 12.4 - Prob. 6ECh. 12.4 - Prob. 7ECh. 12.4 - In Exercises 3-18, represent each complex number...Ch. 12.4 - Prob. 9ECh. 12.4 - Prob. 10ECh. 12.4 - Prob. 11ECh. 12.4 - Prob. 12ECh. 12.4 - Prob. 13ECh. 12.4 - Prob. 14ECh. 12.4 - Prob. 15ECh. 12.4 - Prob. 16ECh. 12.4 - Prob. 17ECh. 12.4 - Prob. 18ECh. 12.4 - In Exercises 19-36, represent each complex number...Ch. 12.4 - Prob. 20ECh. 12.4 - Prob. 21ECh. 12.4 - Prob. 22ECh. 12.4 - Prob. 23ECh. 12.4 - Prob. 24ECh. 12.4 - Prob. 25ECh. 12.4 - Prob. 26ECh. 12.4 - Prob. 27ECh. 12.4 - Prob. 28ECh. 12.4 - In Exercises 19-36, represent each complex number...Ch. 12.4 - Prob. 30ECh. 12.4 - Prob. 31ECh. 12.4 - Prob. 32ECh. 12.4 - Prob. 33ECh. 12.4 - Prob. 34ECh. 12.4 - In Exercises 19-36, represent each complex number...Ch. 12.4 - Prob. 36ECh. 12.4 - Prob. 37ECh. 12.4 - Prob. 38ECh. 12.4 - Prob. 39ECh. 12.4 - Prob. 40ECh. 12.4 - In Exercises 37–44, solve the given problems.
41....Ch. 12.4 - In Exercises 37–44, solve the given problems.
42....Ch. 12.4 - Prob. 43ECh. 12.4 - Prob. 44ECh. 12.5 - Prob. 1PECh. 12.5 - Prob. 2PECh. 12.5 - Represent 3.00e2.66j in rectangular form.
Ch. 12.5 - Prob. 1ECh. 12.5 - Prob. 2ECh. 12.5 - In Exercises 3-22, express the given numbers in...Ch. 12.5 - In Exercises 3-22, express the given numbers in...Ch. 12.5 - Prob. 5ECh. 12.5 - Prob. 6ECh. 12.5 - Prob. 7ECh. 12.5 - Prob. 8ECh. 12.5 - In Exercises 3-22, express the given numbers in...Ch. 12.5 - Prob. 10ECh. 12.5 - Prob. 11ECh. 12.5 - Prob. 12ECh. 12.5 - Prob. 13ECh. 12.5 - Prob. 14ECh. 12.5 - In Exercises 3-22, express the given numbers in...Ch. 12.5 - Prob. 16ECh. 12.5 - Prob. 17ECh. 12.5 - Prob. 18ECh. 12.5 - Prob. 19ECh. 12.5 - Prob. 20ECh. 12.5 - Prob. 21ECh. 12.5 - Prob. 22ECh. 12.5 - Prob. 23ECh. 12.5 - In Exercises 23–30, express the given complex...Ch. 12.5 - Prob. 25ECh. 12.5 - Prob. 26ECh. 12.5 - In Exercises 23–30, express the given complex...Ch. 12.5 - Prob. 28ECh. 12.5 - Prob. 29ECh. 12.5 - Prob. 30ECh. 12.5 - In Exercises 31–34, perform the indicated...Ch. 12.5 - Prob. 32ECh. 12.5 - Prob. 33ECh. 12.5 - Prob. 34ECh. 12.5 - Prob. 35ECh. 12.5 - Prob. 36ECh. 12.5 - In Exercises 35–40, perform the indicated...Ch. 12.5 - Prob. 38ECh. 12.5 - Prob. 39ECh. 12.5 - In Exercises 35–40, perform the indicated...Ch. 12.6 - Prob. 1PECh. 12.6 - Prob. 2PECh. 12.6 - Find the polar form power: (3 cos 50°)8
Ch. 12.6 - Prob. 4PECh. 12.6 - Prob. 1ECh. 12.6 - Prob. 2ECh. 12.6 - Prob. 3ECh. 12.6 - Prob. 4ECh. 12.6 - Prob. 5ECh. 12.6 - Prob. 6ECh. 12.6 - Prob. 7ECh. 12.6 - Prob. 8ECh. 12.6 - Prob. 9ECh. 12.6 - Prob. 10ECh. 12.6 - Prob. 11ECh. 12.6 - Prob. 12ECh. 12.6 - Prob. 13ECh. 12.6 - Prob. 14ECh. 12.6 - Prob. 15ECh. 12.6 - Prob. 16ECh. 12.6 - Prob. 17ECh. 12.6 - Prob. 18ECh. 12.6 - Prob. 19ECh. 12.6 - Prob. 20ECh. 12.6 - Prob. 21ECh. 12.6 - Prob. 22ECh. 12.6 - Prob. 23ECh. 12.6 - Prob. 24ECh. 12.6 - Prob. 25ECh. 12.6 - Prob. 26ECh. 12.6 - Prob. 27ECh. 12.6 - Prob. 28ECh. 12.6 - Prob. 29ECh. 12.6 - Prob. 30ECh. 12.6 - Prob. 31ECh. 12.6 - Prob. 32ECh. 12.6 - Prob. 33ECh. 12.6 - Prob. 34ECh. 12.6 - Prob. 35ECh. 12.6 - Prob. 36ECh. 12.6 - Prob. 37ECh. 12.6 - In Exercises 35–40, use DeMoivre’s theorem to find...Ch. 12.6 - Prob. 39ECh. 12.6 - Prob. 40ECh. 12.6 - Prob. 41ECh. 12.6 - Prob. 42ECh. 12.6 - Prob. 43ECh. 12.6 - Prob. 44ECh. 12.6 - In Exercises 41–46, find all of the roots of the...Ch. 12.6 - Prob. 46ECh. 12.6 - Prob. 47ECh. 12.6 - Prob. 48ECh. 12.6 - Prob. 49ECh. 12.6 - Prob. 50ECh. 12.6 - Prob. 51ECh. 12.6 - Prob. 52ECh. 12.6 - The electric power p (in W) supplied to an element...Ch. 12.6 - Prob. 54ECh. 12.6 - Prob. 55ECh. 12.6 - Prob. 56ECh. 12.7 - Prob. 1PECh. 12.7 - Prob. 1ECh. 12.7 - Prob. 2ECh. 12.7 - Prob. 3ECh. 12.7 - Prob. 4ECh. 12.7 - Prob. 5ECh. 12.7 - Prob. 6ECh. 12.7 - Prob. 7ECh. 12.7 - Prob. 8ECh. 12.7 - Prob. 9ECh. 12.7 - Prob. 10ECh. 12.7 - Prob. 11ECh. 12.7 - Prob. 12ECh. 12.7 - Prob. 13ECh. 12.7 - Prob. 14ECh. 12.7 - Prob. 15ECh. 12.7 - Prob. 16ECh. 12.7 - Prob. 17ECh. 12.7 - Prob. 18ECh. 12.7 - Prob. 19ECh. 12.7 - Prob. 20ECh. 12.7 - Prob. 21ECh. 12.7 - Prob. 22ECh. 12.7 - Prob. 23ECh. 12.7 - Prob. 24ECh. 12 - Prob. 1RECh. 12 - Prob. 2RECh. 12 - Prob. 3RECh. 12 - Prob. 4RECh. 12 - Prob. 5RECh. 12 - Prob. 6RECh. 12 - Prob. 7RECh. 12 - Prob. 8RECh. 12 - Prob. 9RECh. 12 - Prob. 10RECh. 12 - Prob. 11RECh. 12 - Prob. 12RECh. 12 - Prob. 13RECh. 12 - Prob. 14RECh. 12 - Prob. 15RECh. 12 - Prob. 16RECh. 12 - Prob. 17RECh. 12 - Prob. 18RECh. 12 - Prob. 19RECh. 12 - Prob. 20RECh. 12 - Prob. 21RECh. 12 - Prob. 22RECh. 12 - Prob. 23RECh. 12 - Prob. 24RECh. 12 - Prob. 25RECh. 12 - Prob. 26RECh. 12 - Prob. 27RECh. 12 - Prob. 28RECh. 12 - Prob. 29RECh. 12 - Prob. 30RECh. 12 - Prob. 31RECh. 12 - In Exercises 29–36, give the polar and exponential...Ch. 12 - In Exercises 29–36, give the polar and exponential...Ch. 12 - In Exercises 29–36, give the polar and exponential...Ch. 12 - In Exercises 29–36, give the polar and exponential...Ch. 12 - Prob. 36RECh. 12 - Prob. 37RECh. 12 - In Exercises 37–48, give the rectangular form of...Ch. 12 - In Exercises 37–48, give the rectangular form of...Ch. 12 - In Exercises 37–48, give the rectangular form of...Ch. 12 - In Exercises 37–48, give the rectangular form of...Ch. 12 - Prob. 42RECh. 12 - Prob. 43RECh. 12 - Prob. 44RECh. 12 - In Exercises 37–48, give the rectangular form of...Ch. 12 - Prob. 46RECh. 12 - Prob. 47RECh. 12 - Prob. 48RECh. 12 - Prob. 49RECh. 12 - Prob. 50RECh. 12 - Prob. 51RECh. 12 - Prob. 52RECh. 12 - Prob. 53RECh. 12 - Prob. 54RECh. 12 - Prob. 55RECh. 12 - Prob. 56RECh. 12 - Prob. 57RECh. 12 - Prob. 58RECh. 12 - Prob. 59RECh. 12 - Prob. 60RECh. 12 - Prob. 61RECh. 12 - Prob. 62RECh. 12 - Prob. 63RECh. 12 - Prob. 64RECh. 12 - Prob. 65RECh. 12 - Prob. 66RECh. 12 - Prob. 67RECh. 12 - Prob. 68RECh. 12 - Prob. 69RECh. 12 - Prob. 70RECh. 12 - Prob. 71RECh. 12 - Prob. 72RECh. 12 - Prob. 73RECh. 12 - Prob. 74RECh. 12 - Prob. 75RECh. 12 - Prob. 76RECh. 12 - Prob. 77RECh. 12 - Prob. 78RECh. 12 - Prob. 79RECh. 12 - Prob. 80RECh. 12 - Prob. 81RECh. 12 - Prob. 82RECh. 12 - Prob. 85RECh. 12 - Prob. 86RECh. 12 - Prob. 87RECh. 12 - Prob. 88RECh. 12 - Prob. 89RECh. 12 - Prob. 90RECh. 12 - Prob. 91RECh. 12 - Prob. 92RECh. 12 - Prob. 93RECh. 12 - Prob. 94RECh. 12 - Prob. 95RECh. 12 - Prob. 96RECh. 12 - Prob. 97RECh. 12 - Prob. 98RECh. 12 - Prob. 99RECh. 12 - Prob. 100RECh. 12 - Prob. 1PTCh. 12 - Multiply, expressing the result in polar...Ch. 12 - Prob. 3PTCh. 12 - Prob. 4PTCh. 12 - Prob. 5PTCh. 12 - Prob. 6PTCh. 12 - Express 2.56(cos 125.2° + j sin 125.2°) in...Ch. 12 - Prob. 8PTCh. 12 -
Express 3.47 − 2.81j in exponential form.
Ch. 12 - Prob. 10PTCh. 12 - Prob. 11PTCh. 12 - Prob. 12PT
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